Chevron Nigeria Limited have announced that it will reduce its staff strength by 25 percent as it is reviewing its manpower needs in light of the current global oil market trends.
CNL made this known on Friday in a statement titled ‘Chevron Nigeria Limited reviews workforce in accordance with business exigencies’.
The oil giant stated that it would continue to look out for opportunities to improve capital efficiency and reduce operating costs.
CNL’s Esimaje Birkinn,bwho is the General Manager Policy, Government and Public Affairs said, “The aim is to have a business that is competitive and have an appropriately sized organisation with improved processes.
“This will increase efficiency and effectiveness, retain value, reduce cost, and generate more revenue for the Federal Government of Nigeria.”
He also said that the new organisational structures will need approximately 25 per cent reduction in its workforce across the various levels of its organisation.
Birkinn stated, “It is important to note that all our employees will retain their employment until the reorganisation process is completed.”
He noted that there are no plans to migrate jobs in Nigeria abroad.
He said, “We have prospects for our company in Nigeria; however, we must make the necessary adjustments in light of the prevailing business climate; and we need everyone’s support to get through these tough times stronger, more efficient and more profitable, in order to sustain the business.
“We are actively engaging our workforce to ensure they understand why this is being done. We will continue to consistently engage all relevant stakeholders, including the leadership of the employee unions as we continue this process of business optimisation.”